ST . PAUL – The Minnesota Department of Employment and Economic Development (DEED) awarded two-year grants totaling $2.71 million to 16 nonprofit groups that provide services and technical assistance to emerging businesses and entrepreneurs in Minnesota.
The Business Development Competitive Grant Awards, which were approved during the 2017 legislative session, go to groups that provide business assistance to targeted groups, including women, minorities, rural residents, technology-based companies and entrepreneurs. The funding is for state fiscal years 2018 and 2019.
“These groups help small businesses, entrepreneurs and disadvantaged populations get the tools they need to succeed in the business marketplace,” said DEED Commissioner Shawntera Hardy. “That support will result in new jobs, new businesses and a healthier economy.”
The full list of groups awarded funding is available here.